101C.5 - REFERENDUM FOR TERMINATION OF COUNCIL.
101C.5 REFERENDUM FOR TERMINATION OF COUNCIL.
On the council's own initiative or on petition to the council by
retail propane marketers representing thirty-five percent of the
volume of odorized propane sold in this state, the council shall, at
its own expense, arrange for a referendum to be conducted by an
independent auditing firm agreed upon by the retail propane
marketers, to determine whether the council should be terminated or
suspended. Voting rights in the referendum shall be based on the
volume of odorized propane sold in this state by each retail propane
marketer during the previous calendar year. Each retail propane
marketer voting in the referendum shall certify to the independent
auditing firm the volume of odorized propane sold by that person as
represented by that person's vote. Upon the approval of those retail
propane marketers representing more than one-half of the total volume
of odorized propane sold in this state, the council shall be
terminated or suspended and the general assembly shall consider the
repeal of this chapter during its next regular session. Section History: Recent Form
2007 Acts, ch 182, §5, 15